You begin to earn rewards as soon as any funds are credited to your Celsius wallet. You can follow our guide on how to set up your Celsius wallet here and if you're unsure on how to transfer funds to your wallet you can check out that guide here too.
Rewards are calculated every Friday and distributed every Monday. That means that if you transfer funds to your Celsius wallet in the middle of the week, you will still earn prorated rewards on those assets through the accrual period on Friday. However, if you transfer your coins on Friday, Saturday or Sunday, then in that case your first reward payment will be the following Monday.
Our reward calculation schedule is as follows:
- Reward accrual period: Friday 05:00:00 UTC to Friday 04:59:59 UTC.
- Reward calculation price snapshot: Friday 05:00:00 UTC
- Reward payment day: Monday, no set time.
All reward payments will be added directly to your Celsius wallet and currently, you can choose between these two option:
- Earn in-kind - if you transfer BTC you will earn more BTC, ETH on ETH, XRP on XRP, and so on;
- Earn in CEL - if you transfer BTC you can earn rewards in CEL tokens at a higher rate. You can find out more details about this reward program in this article but please note that this option is currently not available to US users.
To find out more about how we calculate weekly rewards, please watch the video below: